I would go a step farther with the college situation. STUDENT LOANS MUST STOP. Many will not understand that, but in the industry I work in I see it every day. Student loans are ruining our educational system by supply and demand. Someone in my grandfathers generation with a BS or Masters could pretty much write their own ticket in life. Now someone with a BS can barely find a job. A HIGHER EDUCATION IS NOT A GOD GIVEN RIGHT. It is a privilege, and only those that can afford a higher education or are gifted enough and disciplined enough to EARN a scholarship deserve to get one. I deal with people with every day that have 10's-100's of thousands of dollars in student loans, can barely write their own name, and can't find a job. These people should have been dock workers, delivery men, or fry cooks (not that these jobs are easy or unnecessary, no offense meant.) My best friend is a genius, literally, and got a degree in anthropology with a minor in Latin American studies. Luckily, he is a genius, and his parents are rich. He has started a C&C machining and metal stamping factory in China from the ground up (for the Chinese market, I might ad) and is doing quite well. However, 99% of the people with thousands and thousands of dollars in student loans with a similar degree are going to be fry cooks with a big student loan payment, instead of just plain fry cooks. I think that student loans should only be granted for real world degrees, engineering, medical, etc.... Liberal arts are fine if you are a rich genius, but for the taxpayer to finance 4-12 years of boozing at a 30000.00 a year university so a hippy can put off adulthood a little longer is ridiculous.
WylieKy
PS. Credit cards are bad, and cause an instant 5% inflation for everyone.